CL Redux

I guess this may be one factor ( among many other unknown for us )for today sell off reversal from low 100.00

Now it is increasingly clear to me why our US govt. is so enthusiastic to help Libyan protests on top of usual humanity grounds.

US govt. wanted to do some thing to halt/delay Iran nuclear enrichment program and they are looking for opportunity for last 2 years.

Now by helping Libyan protests in toppling gaddafi they can show the path for people of Iran , basically US will send a message by toppling gaddafi

"hey Iranian people , Libyan people toppled the most brutal dictator regime , you guys in Iran has some level of freedom compared to Libyan , if your protests reach critical mass we (US) will stepup the international pressure and with some kind of UN military action you can have your own people government. we missed the boat last year your election time , but this time we will help you .."

By toppling gaddafi , US can get some nations ( if not Iran ) agree to get rid of their nuclear ambitions .
If you follow Saddam fall , US got Libya signed aggrement to get rid of their nuclear program in return for more business in OIL and other fields.


US sees very big strategic long term benefits in toppling Gaddafi .






Quote from schizo:

Just curious, will oil spike due to this timely revelation? :D
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Here is my another wild speculation on coming Libyan events :D

The International Criminal Court Thursday said Gadhafi and some of his sons and advisers are under investigation for alleged crimes against humanity.

Gaddafi is old man and may have only another 5 to 10 years life, what about his 8 sons , If any crime committed found by ICC all this family is under arrest warrent for rest of their life worldwide basically they have to live under ground life.


This week Gaddafi may announce all his family members are resigning from Govt. posts except him and he do not want to encourage any family ruling. Basically try to protect his sons form future ICC cases .

Even thought they plan all the attacks behind the scenes , officially gaddafi can state they all resigned from their posts and add some new dummy guys to those posts ..
 
Quote from NoDoji:

Failed final flag!! Buy now, target 103.00!

Sorry, can't resist. CL is just so kind to you if you follow the trend :)
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Unbelievable. At the time, I couldn't help but, ahem, jeer at the notion but you really hit the damn ball out of the park on this one. Congratz!
 
I'm closing out my written call options tomorrow if we have a drop of oil, B/E or .10 profit will do, this will bring back up my cost average from ~95 to 100.30. The thing is, if we're poised for higher oil prices, I want to be able to close out without having to hold on option expiration day. How much of a bummer would it be if we spiked up, and then I couldn't close due to having a covered call?

The negative is that should things calm down and we fall below 100, I'm at a loss instead of being buffered to a cost of 95.
 
Quote from schizo:

Unbelievable. At the time, I couldn't help but, ahem, jeer at the notion but you really hit the damn ball out of the park on this one. Congratz!
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Schiz, I don't think you quite got through to me just how far to let those winners run :eek:
 
Quote from NoDoji:

Schiz, I don't think you quite got through to me just how far to let those winners run :eek:
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Just got up. Flipped on the TV and saw that 103+. Thought about you instantly. :)

Quote from NoDoji:

Failed final flag!! Buy now, target 103.00!

Sorry, can't resist. CL is just so kind to you if you follow the trend :)
More...
 
03/04/2011 08:30 *DJ US Feb Nonfarm Payrolls +192K; Consensus +200K

03/04/2011 08:30 *DJ US Feb Unemployment Rate 8.9%; Consensus 9.1%

GM all
 
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